PayPal Stock Forecast: Stock price stablises. Time to buy?

PayPal Stock Forecast: Highlights
–PayPal Stock Forecast: Shares of PYPL are expected to trade between $112 and $118. The overall recommendation is Hold.
-The average 12 month target for PYPL is $182.5.
–Positives: Attractive valuation, growth momentum
–Negatives: DeFi is a threat, slow growth of average per user transaction
–Zacks investment analysts rated this stock as a hold for the short term.

Table of Contents

Share Volume	11 M
Forward P/E 1 Year	33.82

Paypal stock has gained +2.5% in the last month, outperforming the Zacks S&P 500 index, which has gained +3.8%.
As it approaches its next earnings announcement, investors will be looking for Paypal to show strength. The company is anticipated to have earnings per share of $0.88, -27.87% from the previous quarter.
Solana Pay is another potential Paypal competitor. Solana Pay is an interesting new breakthrough in digital payments.
PayPal is a prominent player in the field of electronic payments. The company processed a remarkable $1.25 trillion in total payment volume (TPV). As of now, it seems that PayPal’s business space in digital payments will not be challenged.
As the company has not changed it projections of number of customers till 2025 since long, one way for growth is more usage of products from existing customers and the average transaction per person has also grown only by 1.1%.
Analysts anticipate posting earnings of $1.12 per share, -8.2% Y-o-Y.
Search trend of the stock in google is downward trending since last week, one reason because there has been only 2% overall price moment in last 5 days.
Given the company’s capabilities to roll with changes in the fintech industry, especially DeFi and Crypto, the short-term recommendation to buy the stock.